Most inexperienced drivers they fit in their state’s Assigned Risk Plan, sometimes known in some states because the Automobile Insurance Plan, -v Reinsurance Facilities, State Funds, Joint Underwriting Associations, or just the Risk Pool. Basically, the Assigned Risk Plan was made to insure inexperienced drivers as well as drivers with poor driving records who are considered too substandard to become insured in the regular market at standard rates. Since these drivers must be insured for some reason, individual states have designed their very own risk pools, that are quite much like each other, but are called by various names.
The first rule an inexperienced driver should remember would be to avoid getting an individual policy. You’ll wind up in your state’s Assigned Risk Plan, my response paying its exorbitant rates. New drivers should make every effort to be added to either their spouse’s or parent’s policy as a possible additional or occasional driver. You will be charged the conventional rates and save yourself a lot of premium dollars and aggravation.
For instance, if you’re a single person living in your own home, you could have yourself viewed as a non–principal and occasional driver and thereby reduce your premium bill in half Remember that being an add-on to either your parent’s or spouse’s policy, your driving mistakes affect not just your own record and rates, but theirs as well. Since a moving violation can raise the overall premium by 10 % and an at-fault accident are capable of doing the same damage by 20-40 percent, your cautious driving doesn’t just pay off in lower rates, but also in better family relationships.
For all those inexperienced drivers who’ve no other choice but to take out an individual policy and give the assigned risk rates, I suggest that you rid yourself and your car through the bank lien so you won’t be burdened with all the extra comprehensive and collision coverages. You’d save these amounts: As stated previously, inexperienced operators should drive with extreme caution since they can hardly afford to spend the money for additional 10 % penalty per moving violation nor the 20-40 percent surcharge per at-fault accident together with their already inflated rates.
For example, some moving violations and at-fault accidents would drastically get a new rates of inexperienced single drivers within the following way: Obviously, experienced drivers do not have the same premium problems as inexperienced drivers, but all careless and thoughtless drivers give the same penalty of a 10 percent increment per moving violation plus a 20-40 percent surcharge per at-fault accident. Therefore, its smart for all of us they are driving cautiously so that you can maintain our clean or nearly clean driving records.